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2031 N 19TH Street

PHILADELPHIA, PA 19121
  • $550,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: PAPH2155542
Price Reduced
UPDATED: 151 min ago
$550,000
  • 8
    BEDS
  • 0.02
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,132
    SQFT
  • $176
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
2013
County:

School Information

Elementary School:
High School:

Description

Don't miss out on this Turnkey! Check out this income-producing off-campus student housing property near Temple University! The moment you purchase, you start making money. Both units have LEASES SIGNED for the 2022-2023 academic year. Leases end at the end of July 2023 (7/22/23). Built in 2013, this this meticulously maintained property offers two 4 bedroom 2 bathroom units. Both units feature hardwood floors, granite countertops, shaker cabinetry, tiled bathrooms, a dishwasher, and washer/dryer in each unit. The lower unit has a spacious and well maintained patio attached to the rear room. This really is a turnkey investment property. Ready to make you money while steps to Temple University Main Campus where tenants emerge looking for off-campus housing every year making it easy to find new tenants if current tenants don't renew. This has been a rock solid investment producing a great consistent return for the current owner for many years! Both units are leased for the 2022-2023 school year. Potential annual gross income is $45,000 with estimated yearly expenses at $5,902 which includes taxes, insurance, and the water bill which the current owner pays. With an estimated net operating income of $39,098, this building offers excellent investment value. Priced to reflect a 7.1% cap rate, this property will be a great addition to any investor+GGs portfolio! Ask your agent for the links to the video tours for both units. This is a remarkable addition for the savvy investor so don't miss out! Schedule an appointment to take a look in-person or via live video tour right away!

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
www.amandakrallteam.com/homes/132853727
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2031 N 19TH Street PHILADELPHIA, PA 19121

  • Price: $550,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 151 min ago
  • ID#: PAPH2155542
8
Beds
4
Baths
0
½ Baths
0.02
Acres
3,132
SQFT
$176
$/SQFT
2013
Built
Neighborhood:
Temple University
County:
Philadelphia
Area:
19121 (19121)
Elementary School:
Frederick Douglass Mastery
High School:
Strawberry Mansion
School District:
The School District Of Philadelphia
Property Description
Don't miss out on this Turnkey! Check out this income-producing off-campus student housing property near Temple University! The moment you purchase, you start making money. Both units have LEASES SIGNED for the 2022-2023 academic year. Leases end at the end of July 2023 (7/22/23). Built in 2013, this this meticulously maintained property offers two 4 bedroom 2 bathroom units. Both units feature hardwood floors, granite countertops, shaker cabinetry, tiled bathrooms, a dishwasher, and washer/dryer in each unit. The lower unit has a spacious and well maintained patio attached to the rear room. This really is a turnkey investment property. Ready to make you money while steps to Temple University Main Campus where tenants emerge looking for off-campus housing every year making it easy to find new tenants if current tenants don't renew. This has been a rock solid investment producing a great consistent return for the current owner for many years! Both units are leased for the 2022-2023 school year. Potential annual gross income is $45,000 with estimated yearly expenses at $5,902 which includes taxes, insurance, and the water bill which the current owner pays. With an estimated net operating income of $39,098, this building offers excellent investment value. Priced to reflect a 7.1% cap rate, this property will be a great addition to any investor+GGs portfolio! Ask your agent for the links to the video tours for both units. This is a remarkable addition for the savvy investor so don't miss out! Schedule an appointment to take a look in-person or via live video tour right away!
Exterior Features

Architectural Style Bi-Level Construction Materials Masonry Fencing Wood Garage YN No Lot Features Rear Yard Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3132 Appliances Built-In MicrowaveBuilt-In RangeDishwasherDryer - ElectricOven/Range - ElectricRefrigeratorRange HoodWasher - Front Loading Basement Fully Finished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions Tenant Furniture. Fireplace YN No Fireplaces Total 0 Furnished No Heating Central Heating YN Yes Inclusions All Kitchen Appliances And Washer/Dryer For Both Units. Laundry Type Main Floor Levels 3 Main Level Bedrooms 4 Pets Allowed Case By Case Basis Rooms Total 8 Security Features Security System Spa YN No Upper Level1 Bedrooms 4

Property Features

Accessibility Features None Assessment Year 2023 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Cross Street 19th St And Fontain St Federal Flood Zone YN No Foundation Details Slab Heating Fuel Electric Historic YN No Horse YN No Hot Water Electric Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801852804572 Ownership Interest Fee Simple Pets Allowed YN Yes Possession Negotiable Sale Type Standard Senior Community YN No Sewer Community Septic Tank Structure Design Type Interior Row/Townhouse Tax Annual Amount 1702.00 Tax Assessment Amount 608300.00 Tax Lot 304 Total Actual Rent 45000.00 Vacation Rental YN No Water Average Monthly 100 Water Last12 Months 1200.00 Water Source Community Zoning Rsa5

Listing courtesy of Becker Capital, Llc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
 
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